CRWS
Crown Crafts, Inc.2.5800
-0.0200-0.77%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Key Stats
Market Cap
27.61MP/E (TTM)
-Basic EPS (TTM)
-0.94Dividend Yield
0.12%Recent Filings
10-Q
Q2 FY2026 results
Crown Crafts posted Q2 FY2026 net sales of $23.7M, down 3.1% y/y yet lifted operating income 23.5% y/y to $1.9M on bedding sales dips offset by bibs/toys gains; gross margin slipped to 27.7% from tariff costs while marketing expenses plunged 13.6% y/y sans prior acquisition hits. YTD sales fell 3.7% y/y to $39.2M, operating income dropped 45.2% y/y to $0.7M, and diluted EPS held at $0.01 on 10.6M shares. Operating cash flow tallied $4.4M; free cash flow not disclosed in the 10-Q. Debt sits at $16.3M ($10.7M revolver at 5.9%, $5.7M term loan at 6.5%), with $13.7M availability. Baby Boom assets closed July 2024 for $16.3M cash, adding licensing intangibles over 14 years. Tariffs on China imports pressure costs.
8-K
Q2 sales dip, income up
Crown Crafts reported Q2 FY2026 net sales of $23.7M, down from $24.5M last year, yet net income climbed to $1.2M or $0.11/share from $0.9M or $0.08/share. Gross margins slipped to 27.7% from 28.4% due to China tariffs, but marketing expenses dropped $0.7M via acquisition integration. Bottom line beat headwinds. Declared $0.08/share dividend; plans operations consolidation for savings.
8-K
Sheridan terminated in consolidation
Crown Crafts terminated Donna E. Sheridan, President and CEO of subsidiary NoJo Baby & Kids and a named executive officer, from her leadership role effective October 27, 2025, with full employment ending November 30, 2025, as part of internal operations consolidation. The move triggers without-cause severance benefits per her 2019 agreement, detailed in the June 2025 proxy. Leadership shifts now.
8-K
Q1 sales dip, tariffs bite
Crown Crafts posted Q1 FY2026 net sales of $15.5M, down 4.5% from $16.2M last year, with gross margin slipping to 22.7% from 24.5% due to higher tariffs despite $2.1M boost from Baby Boom acquisition. Net loss widened to $1.1M or $0.10/share. Tariffs hit hard. Board declared $0.08/share dividend; stockholders re-elected director Elliott and ratified KPMG.
10-Q
Q1 FY2026 results
Crown Crafts posted Q1 FY2026 net sales of $15.5M, down 4.5% y/y from $16.2M yet buoyed by $2.1M from the Baby Boom acquisition closed July 2024 for $16.3M cash (net), recognizing $5.8M goodwill. Gross margin slipped to 22.7% from 24.5% on higher China tariffs, while marketing expenses jumped 10.6% y/y to include acquisition costs and advertising; operating loss widened to $1.2M from $0.3M, with net loss at $1.1M versus $0.3M last year, the gap tied to higher interest expense. Cash flow from operations fell to $5.2M from $8.0M, free cash flow $5.2M (derived); revolver debt dropped to $7.7M with $12.2M available, term loan at $6.2M (6.6%). Liquidity holds firm. Tariffs on China imports cloud costs.
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